Wednesday, 2 December 2015

Fly on your own! Flydubai denies partnership with SpiceJet

Earlier report says that SpiceJet is evaluating possible partnership with FlyDubai for strategic investment.


Gulf's low-cost airline FlyDubai has denied any partnership talks with SpiceJet, according to media reports.
Flydubai spokesperson stated, "flydubai confirms that it is not in talks with SpiceJet."
Earlier reports stated that SpiceJet is evaluating a possible partnership with FlyDubai for possible strategic investment.

SpiceJet Ltd C0024ended at Rs. 67.1, down by Rs. 0.6 or 0.89% from its previous closing of Rs. 67.7 on the BSE.

The scrip opened at Rs. 68.45 and touched a high and low of Rs. 69 and Rs. 66.65 respectively. A total of 7210053(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4022.31 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 72.5 on 24-Nov-2015 and a 52 week low of Rs. 11.25 on 16-Dec-2014. Last one week high and low of the scrip stood at Rs. 71 and Rs. 64.05 respectively.

The promoters holding in the company stood at 60.32 % while Institutions and Non-Institutions held 0.61 % and 39.08 % respectively.

The stock traded below its 50 DMA.

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